CUNA stands with NCUA in face of ABA lawsuit over FOM rule
WASHINGTON, DC (December 7, 2016) — The Credit Union National Association (CUNA) reaffirmed its support for the National Credit Union Administration’s (NCUA) recent rulemaking related to its field of membership rule.
“The NCUA acted well within its authority when it issued its field of membership rule. This meritless attack from bankers on the NCUA’s rule completely ignores both the law and the NCUA’s authority to regulate credit unions,” said CUNA President/CEO Jim Nussle. “The suit completely lacks worth, and CUNA and its partners will vigorously defend the rule on behalf of credit unions and the consumers that will benefit from the changes.”
About CUNA
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.
